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16th Conference of Arab Businessmen and Investors kicks off in Cairo

  /  November 23, 2014  /  Business  /  No Comments

Government claims a “legislative revolution” will attract investors

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Emirati company offers to manage investments in Egypt’s logistics project

  /  November 18, 2014  /  Business  /  No Comments

International consulting firm requests to participate in the project through establishing railway lines over 600km, supply minister says

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Latest

ITDA offers lands on usufruct basis for commercial, investment projects

  /  November 17, 2014  /  Business  /  No Comments

Minister of supply says authority to establish commercial and shopping city near Suez Canal development with EGP 40bn in investments

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Latest

NBE to fully automate risks management: Information Security director

  /  November 15, 2014  /  interviews  /  No Comments

Egyptian customers’ trust in banking technology will increase when the banks offer services with high security standards, Abeer Khedr says

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Shoukry discusses Libya developments with Emirati, Libyan counterparts

  /  November 15, 2014  /  Egypt, Politics  /  No Comments

Egyptian and Libyan foreign ministers discuss cooperation

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Latest

Al-Sisi approves €99m in loans, grants from EU and EIB

  /  November 12, 2014  /  Business  /  1 Comment

EU entities will give assistant packages to Egypt for sanitation project in Kafr El-Sheikh

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Latest

Wheat stock sufficient until March: Supply minister

  /  November 12, 2014  /  Business  /  No Comments

Egypt will receive 235,000 tonnes of wheat from France and Ukraine in December

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Latest

Egyptian exports fall 12.52% month-on-month

  /  November 11, 2014  /  Business  /  No Comments

October exports register $1.309bn

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EFG Hermes Q3 net profit exceeds EGP 100m

  /  November 11, 2014  /  Business  /  No Comments

The investment bank registers a 46% increase in annual operating profits to EGP 247m

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Banking Technology Summit kicks off with banks focusing on consumer security

  /  November 10, 2014  /  Business  /  No Comments

Demand growing for mobile banking and electronic wallets, says NBE

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Postponement of Economic Summit met with conflicting reactions

  /  November 9, 2014  /  Business  /  No Comments

Cairo University economics professor says instability of Gulf stock markets might be behind postponement

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UAE’s Aabar acquires 5.1% stake in Palm Hills Development

  /  November 9, 2014  /  Business  /  No Comments

Deal reflects Egyptian real estate sector’s ability to attract regional and international investment, says Palm Hills

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Latest

International cooperation ministry denies receiving $1bn from Kuwait

  /  November 8, 2014  /  Business  /  No Comments

Last aid to Egypt was $350m Saudi loan for electricity projects and promoting Saudi exports to Egypt, says ministry spokesperson

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Latest

Foreign reserves register $1.7bn year-on-year decrease in October

  /  November 6, 2014  /  Business  /  No Comments

October’s figure marks the fourth consecutive increase in foreign currency since a decrease of around $60m from May’s figure to June

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Latest

Al-Sisi appoints Mubarak and Morsi regime ministers as advisors

  /  November 5, 2014  /  Politics  /  No Comments

Ahmed Gamal El-Din and Faiza Abu el-Naga to advise on security and terrorism

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Latest

Orascom Construction to build $2.5bn-$3bn power plant in Egypt

  /  November 5, 2014  /  Business  /  No Comments

The four-year project will be executed in cooperation with UAE-based IPIC

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Latest

BP to invest $240m in Egypt through 2 new exploration blocks

  /  November 4, 2014  /  Business  /  No Comments

The two exploration blocks was awarded to BP as a result of the 2013 EGAS bid round

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Latest

Arabian Cement contributes €7m to facility in Brazil

  /  November 4, 2014  /  Business  /  No Comments

Move comes as a part of Arabian Cement’s joint venture agreement with Brazil’s Cementos Relampago

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Latest

Mohamed Soltan falls into coma

  /  November 2, 2014  /  Egypt, Politics  /  No Comments

Soltan has been on hunger strike for 281 days in protest at his imprisonment

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Latest

EGAS has suspended gas supplies to EBIC since August

  /  November 2, 2014  /  Business  /  No Comments

Ministry of Petroleum gives priority to fertiliser factories that sell on local markets

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Latest

Alexandria chamber donates EGP 13m for development projects

  /  November 2, 2014  /  Business  /  No Comments

Projects foundation for Social and Economic Centre to develop Alexandria, which the chamber is launching in cooperation with the armed forces

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Latest

56% Bisco Misr stakeholders agree to sell Abraaj Group shares

  /  November 2, 2014  /  Business  /  No Comments

Abraaj Group originally wanted to acquire at least 51% stake of Bisco Misr shares as per July announcement

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Latest

European Parliament delegation meets 6 April

  /  November 2, 2014  /  Egypt, Politics  /  No Comments

Delegation keen to meet the group for its “international credibility”, according to the activist group

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Latest

Kurdish football team sparks Swedish FA ire over battle for Kobani

  /  November 1, 2014  /  Opinion  /  No Comments

By James M. Dorsey When Ramazan Kizil established Dalkurd FF, one of Europe’s most successful immigrant football teams, in a remote town in northern Sweden, he dreamt of one day raising the Swedish and the read the rest…

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Latest

Sisi’s plan: New print of the same edition?

  /  November 1, 2014  /  Opinion  /  No Comments

We must begin with the questions that concluded my last article: Is Al-Sisi building a vision? Can we predict this vision based on his current positions? What are the resemblances between this vision and that read the rest…

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Latest

BNP Paribas Wealth Management wins private bank awards for Europe, North Asia

  /  November 1, 2014  /  Business  /  No Comments

Awards confirm their position as a “reference private bank”, say Wealth Management co-CEOs

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Latest

CBE to supervise monetary transactions outside banking sector: Deputy governor

  /  November 1, 2014  /  Business  /  No Comments

Supervision will cover monetary fund money despite antipathy of investment directors

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Latest

AAIB expands ATM service in Egypt

  /  November 1, 2014  /  Business  /  No Comments

Expansion brings bank’s total number of ATMs to 286 across the country

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Latest

Russian firm to invest in Egypt’s global logistics centre project

  /  October 29, 2014  /  Business  /  No Comments

Ministry of Supply says company has offered to supply all necessary equipment and machinery

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Latest

Turkey files anti-dumping suit against polypropylene exports from Egypt

  /  October 28, 2014  /  Business  /  No Comments

Export halt from Syria, Iraq, Libya, Tunisia, Yemen, and Turkey creating crisis, says Helal

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